Global Infrastructure Partners (GIP) has completed its acquisition of Equis Energy, which calls itself the largest renewable energy independent producer (IPP) in the Asia-Pacific region (APAC).
GIP’s acquisition of 100% equity interest in Equis Energy has an enterprise value of $5 billion, including assumed liabilities of $1.3 billion. The net transaction consideration has been settled in cash.
Headquartered in Singapore, Equis Energy has more than 180 assets comprising 11,135 MW in operation, construction and development across APAC, including Australia, Japan, India, Indonesia, the Philippines and Thailand. For wind power specifically, Equis Energy’s assets total 2,252 MW of capacity and an additional 1,977 MW under development.
The companies claim the transaction is the largest renewable energy generation acquisition in history.
Equis Energy operates from 15 Asian offices, employing over 300 professionals. GIP is an independent infrastructure fund manager that invests in infrastructure assets in the energy, transport and water/waste sectors. GIP operates from New York City; London; Stamford, Conn.; and Sydney, Australia.